Tributary Capital Management LLC bought a new stake in Livent Corporation (NASDAQ:LTHM) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 21,231 shares of the company’s stock, valued at approximately $261,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. NJ State Employees Deferred Compensation Plan acquired a new position in shares of Livent in the 4th quarter worth approximately $552,000. New Jersey Better Educational Savings Trust acquired a new position in shares of Livent in the 4th quarter worth approximately $248,000. State of New Jersey Common Pension Fund D acquired a new position in shares of Livent in the 4th quarter worth approximately $4,968,000. Supplemental Annuity Collective Trust of NJ acquired a new position in shares of Livent in the 4th quarter worth approximately $138,000. Finally, RWC Asset Management LLP acquired a new position in shares of Livent in the 4th quarter worth approximately $5,365,000.
NASDAQ:LTHM traded down $0.35 during trading hours on Friday, hitting $8.06. 5,227,065 shares of the stock were exchanged, compared to its average volume of 3,017,032. Livent Corporation has a twelve month low of $7.85 and a twelve month high of $19.90.
Several research analysts have recently commented on LTHM shares. Nomura downgraded Livent from a “buy” rating to a “neutral” rating in a report on Tuesday, January 15th. Clarkson Capital started coverage on Livent in a report on Wednesday, January 16th. They issued a “buy” rating and a $20.00 target price on the stock. Zacks Investment Research downgraded Livent from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Loop Capital reduced their target price on Livent to $18.00 and set a “buy” rating on the stock in a report on Wednesday, February 13th. Finally, Credit Suisse Group set a $18.00 target price on Livent and gave the stock a “buy” rating in a report on Thursday, February 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $17.43.
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Livent Corporation manufactures and sells performance lithium compounds that are used primarily in energy storage, specialty polymers, and chemical synthesis application. The company offers lithium compounds for use in applications that have specific performance requirements, including battery-grade lithium hydroxide for use in high performance lithium-ion batteries; and supplies butyllithium, which is used as a synthesizer in the production of polymers and pharmaceutical products, as well as a range of specialty lithium compounds, including high purity lithium metal, which is used in the production of lightweight materials for aerospace applications and non-rechargeable batteries.
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